ERI and ITOCHU Announce Strategic Collaboration to Launch "ERI Japan" [Yahoo! Finance]
ITOCHU CORP UNSP/ADR (ITOCY)
NASDAQ:AMEX Investor Relations:
itochu.co.jp/en/ir/index.html
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Source: Yahoo! Finance
provider and largest recycler of electronics, has announced a collaborative partnership with ITOCHU Corporation, a leading global trading and investment conglomerate engaged in domestic trading, import/export, and overseas trading of various products, as well as business investment in Japan and overseas. ERI and ITOCHU will team up to bring state-of-the-art e-waste recycling and ITAD services to Japan at the first foreign location of ERI: "ERI Japan." The venture, co-owned by ERI and ITOCHU (50% ownership for each organization, with ITOCHU's investment made through its wholly owned subsidiary, Belong Inc.), will incorporate best practices from both organizations, including ERI's innovation-driven circular solutions for responsibly recycling electronics, and the networks of the ITOCHU Group and its partners in Japan and overseas. "It's an honor to partner with this storied, 150+ year Japanese brand for this first-of-its-kind venture," said John Shegerian, ERI's chairman and CEO. "I
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